Altcoin Bull Run Upcoming? Inflation Data Rejuvenates Hope In Crypto Community!

[tokyohd]

With positive data coming on CPI data for July, the market responded bullishly giving signs of an altcoin bull run. Data showed that consumer prices grew 8.50% in July year on year, below expectations of 8.70%. The Consumer Price Index (CPI) data led to a bullish environment in the financial markets. While Bitcoin saw an upsurge of around 4.30%, Ethereum price rose nearly 7.50% after the CPI data release.

Full Details
https://coingape.com/altcoin-bull-run-upcoming-inflation-data-rejuvenates-hope-in-crypto/amp/

[terciduk123]

As expected, Once the data is released the Bitcoin price increases significantly, I hope this is not a bull trap, and Bitcoin can return to the $30000 USD price so that the Altcoin has a support to recover. At least this month Bitcoin and Altcoins will be green.

[blockman]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything is has the chance to go up too.

[rhomelmabini]

The thing is what about next month if the figures in the CPI will change? I think that will shift the momentum too if somehow it changes if inflation goes high again. Can't say this singularly about the CPI stuff but I think it shouldn't be based their alone for crypto sentiment.

[Yogee]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything is has the chance to go up too.

I read a post a year or two ago which describes how the money trickles from bitcoin down to the low cap altcoins. They come in different phases and it looks something like this,
- Phase 1: money flows into BTC
- Phase 2: ETH and other high cap alts
- Phase 3: mid caps moves
- Phase 4: low caps mania

I don't need to say it but Phase 4 is where some people get the most profits.

[Baofeng]

Price resistance should be around $25k-$28k or even $30k to Bitcoin and maybe Ethereum at around $2k. It will be a relieved if this prices will be reach by both top coins. What I mean is that we have been hoping that it can go on a swing after hitter all time lows. So we might see some sort of mini bull run and then maybe few sideways again. So we will have to see if the CPI announcement is really very positive to crypto and the rest of traditional market and if the effect is going to be sustainable.

[X-ray]

As expected, Once the data is released the Bitcoin price increases significantly, I hope this is not a bull trap, and Bitcoin can return to the $30000 USD price so that the Altcoin has a support to recover. At least this month Bitcoin and Altcoins will be green.

I hope so. The question is what rate will be used by bitcoin to close its weekly candle. The chart seems to be bullish but i would believe if that was about recovering the price. If we are talking about the bullish trend seems the chart is not so bullish as well.
If bitcoin would able to recover its price to the 30k or even more and that will become a very good price to start with. We do always see that if bitcoin was always making another higher low. it keeps repeating any year.
I hope that if recover will be happening as fast as possible and bitcoin will be mooning again.

[blockman]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything is has the chance to go up too.

I read a post a year or two ago which describes how the money trickles from bitcoin down to the low cap altcoins. They come in different phases and it looks something like this,
- Phase 1: money flows into BTC
- Phase 2: ETH and other high cap alts
- Phase 3: mid caps moves
- Phase 4: low caps mania

I don't need to say it but Phase 4 is where some people get the most profits.

Yes and I always get to see those investors that are into that mania. It's because of what they've seen from the others who got lucky investing into those low cap coins.
They're too hype with it because it's likely that they'll all be rich with it and that's the reason why many still invests into low cap coins and even most of them are meme coins.

[Morningstarr]

The market has improved after the CPI report. As inflation came down more than expected in July compared to June but we have to wait more especially for the interest rate decision and the August CPI report will also be looked at for the interest rate decision. If inflation comes down in August as well, the hope is that interest rates will not be hiked and that will be very good news for market improvement.

[CryptoATM]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything has the chance to go up too.

I read a post a year or two ago which describes how the money trickles from bitcoin down to the low-cap altcoins. They come in different phases and it looks something like this,
- Phase 1: money flows into BTC
- Phase 2: ETH and other high cap alts
- Phase 3: mid caps moves
- Phase 4: low caps mania

I don't need to say it but Phase 4 is where some people get the most profits.

Yep, you are right 100%, this was how I was able to turn 1000$ into 28,000$ months ago, all thanks to small cap projects and of cos the FOMO, high risk but worthy rewards, right now we shouldn't get confused about that bull is back, if BTC made it up 25k I will start taking profit, it seems this bear market isn't done yet.

[fuguebtc]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything is has the chance to go up too.

Ignore how CPI will affect the market, but the altcoins market only increases when bitcoin rises in price. It is difficult to see altcoins grow while bitcoin falls. I have never seen the market work like that before.

Yep, you are right 100%, this was how I was able to turn 1000$ into 28,000$ months ago, all thanks to small cap projects and of cos the FOMO, high risk but worthy rewards, right now we shouldn't get confused about that bull is back, if BTC made it up 25k I will start taking profit, it seems this bear market isn't done yet.

Is it true?, it's really hard to find a hidden gem in a bear market. I'm very curious to know the project that you guys invest in this bear season, x28 is a huge profit. Can you share about that project?

[Maliceprime]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything is has the chance to go up too.

Ignore how CPI will affect the market, but the altcoins market only increases when bitcoin rises in price. It is difficult to see altcoins grow while bitcoin falls. I have never seen the market work like that before.

Yep, you are right 100%, this was how I was able to turn 1000$ into 28,000$ months ago, all thanks to small cap projects and of cos the FOMO, high risk but worthy rewards, right now we shouldn't get confused about that bull is back, if BTC made it up 25k I will start taking profit, it seems this bear market isn't done yet.

Is it true?, it's really hard to find a hidden gem in a bear market. I'm very curious to know the project that you guys invest in this bear season, x28 is a huge profit. Can you share about that project?

Hidden gems are found in bear markets, that's the way its been all past bear and bull market, almost every coins that goes down 98% in 2020 skyrocketed in 2021-2022, do the math yourself, some people are so lucky to buy Ethereum for 114$ in march 2020, yes I bought 14 Ethereum at this price.

This cost me 1550$ at the time and at 3900$ I started selling

[blockman]

I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything is has the chance to go up too.

Ignore how CPI will affect the market, but the altcoins market only increases when bitcoin rises in price. It is difficult to see altcoins grow while bitcoin falls. I have never seen the market work like that before.

There are times that the altcoins have risen even if bitcoin hasn't moved an inch. Sometimes it's like that. Maybe you haven't really seen that happen.
But for me, I've seen that happen before and that's why most of the time it is proportional and sometimes it isn't.

[kasunrandil]

i.m.o it is possible as you think. with the good CPI data ( acctually it is not good most people think because it is still very high ) banks could cut the interest rates by next few months if the CPI number can be kept lower. then the whole market will start going upward. ( just possible ) . whatever it is better to do DCA in to best altcoins in this season whether market going upwards or downwards.